Question

What is the role of small-scale business in rural India?

Answer 1

Small-scale industries provide the following benefits in rural areas:

1. Employment: Small-scale industries are labor-intensive so they provide additional employment to men and women. Small business is the most popular occupation in India, next just to agriculture. They also hire cultivators who remain unemployed for a period of the year.
   
2. Improves Economic condition- Small-scale industries give greater employment options for those living in rural areas, resulting in improved economic conditions in villages.
3. Promotion of Artistic and Creative Sense: Small businesses established in rural areas provide opportunities to promote creative excellence and innovation, that has been suppressed in rural areas.
4. Mobilization of Local Resources: Small-scale industries facilitate mobilization and utilization of local resources which might otherwise remain underutilized. This helps in tapping resources like entrepreneur skills and small savings especially in rural areas.